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Interpreting the Korean Crisis: Financial Liberalization, Industrial Policy and Corporate Governance

In: Financial Liberalization and the Asian Crisis

Author

Listed:
  • Ha-Joon Chang
  • Hong-Jae Park
  • Chul Gyue Yoo

Abstract

As the interpretation of its economic ‘miracle’ has been, so the interpretation of the recent crisis in Korea remains highly controversial.1 Although there are many important issues which have been raised by the Korean crisis, such as exchange rate policy, labour market policy, and the architecture of the international financial system (Chang, 1998a), three issues have been especially controversial in the debate: financial liberalization, industrial policy and corporate governance.

Suggested Citation

  • Ha-Joon Chang & Hong-Jae Park & Chul Gyue Yoo, 2001. "Interpreting the Korean Crisis: Financial Liberalization, Industrial Policy and Corporate Governance," Palgrave Macmillan Books, in: Ha-Joon Chang & Gabriel Palma & D. Hugh Whittaker (ed.), Financial Liberalization and the Asian Crisis, chapter 9, pages 140-155, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51862-9_9
    DOI: 10.1057/9780230518629_9
    as

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